Aussie stocks rally after Biden inauguration boosts Wall Street

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The Australian stock market is lifting sharply in early trade. 9News

In just 15 minutes the benchmark ASX 200 lifted by 0.8 per cent or 53 points to 6,823 points. The market has not been this high since late February, before the worst of the economic fallout as a result of COVID-19.READ MORE:It's extremely early in trade, but currently the big winner if buy-now-pay-later firm Afterpay, rising 5.49 per cent and closing in on $150 per share.

For those still following along at home, cryptocurrency Bitcoin has leaked some value overnight, falling to $45,515 per coin.Wall Street hits records as Joe Biden is sworn in The Dow Jones Industrial Average was up 237 points, or 0.8 per cent, at 31,168 as of 2pm Eastern time , and the Nasdaq composite was 1.9 per cent higher.President Joe Biden pauses as he signs his first executive orders in the Oval Office of the White House on Wednesday, Jan. 20, 2021, in Washington.

 

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